Stock Movers

On this episode of Stock Movers:- Shares of Trump Media & Technology Group Corp (DJT) soared ahead of the US market open after the company behind Truth Social announced that it agreed to merge with clean fusion energy company TAE Technologies in an all-stock transaction valued at more than $6 billion. - Shares of Micron Technology (MU) rallied in premarket trading after the company gave an upbeat forecast for the current quarter, a sign that surging demand and supply shortages are allowing the company to charge more for products. Fiscal second-quarter revenue will be $18.3 billion to $19.1 billion, the company said in a statement Wednesday. Analysts had estimated $14.4 billion on average for the period. Excluding some items, profit will be $8.22 to $8.62 a share, compared with a projection of $4.71. Micron is the largest US maker of computer memory chips.- Accenture (ACN) reported adjusted earnings per share for the first quarter that beat the average analyst estimate.See omnystudio.com/listener for privacy information.

On This episode of Stock Movers:- BP Plc appointed Meg O’Neill as chief executive officer, replacing Murray Auchincloss after just two years in the job as the oil giant struggles to revive its fortunes following a botched pivot toward renewables.- Whitbread shares rally as much as 4.5%, Thursday’s biggest gainer in the FTSE 100. Corvex Management announced it has accumulated a 6.05% ownership stake in the hotel operator and is calling for a strategic review of the company.- Rheinmetall shares were little changed after the firm adjusted its full-year outlook, in a move Morgan Stanley says represents an increase to sales growth at the group level, but a reduction on a standalone defense basis.See omnystudio.com/listener for privacy information.

On This episode of Stock Movers:- BP Plc appointed Meg O’Neill as chief executive officer, replacing Murray Auchincloss after just two years in the job as the oil giant struggles to revive its fortunes following a botched pivot toward renewables.- Evolution drops as much as 3.1% following a double-downgrade to underweight from overweight at Barclays, which sees continued pressure on the Swedish gambling operator’s earnings.- Currys PLC on Thursday reported an acceleration in sales growth during the first half of its financial year and declared a dividend after passing on a payment last year.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- General Mills (GIS) shares rise 1.6% after the food company’s second-quarter results beat Street expectations. A highlight of the report was positive volume growth in the North America Retail segment. The company maintained its annual guidance ranges, despite the beat, given persistent consumer pressures. - Oracle (ORCL) shares are down 5.3% on Wednesday, after the Financial Times reported that Blue Owl Capital will not back a $10 billion deal for the software giant’s next data center. Subsequently, an Oracle spokesperson said that Blue Owl is out of the data center deal, but that it remains on schedule. - Canaccord downgraded Udemy (UDMY) to Hold from Buy with a $7 price target after the company announced a merger with CourseraSee omnystudio.com/listener for privacy information.

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Tim Stenovec and Carol Massar.On this episode of Stock Movers:- Micron (MU) the largest US maker of computer memory chips, gave an upbeat forecast for the current quarter, a sign that surging demand and supply shortages are allowing the company to charge more for products. Fiscal second-quarter revenue will be $18.3 billion to $19.1 billion, the company said in a statement Wednesday. Analysts had estimated $14.4 billion on average for the period. Excluding some items, profit will be $8.22 to $8.62 a share, compared with a projection of $4.71. Micron shares rose about 4% in late trading after the results were released. The stock was already up 168% this year, closing at $225.71 on Wednesday.- Medline (MDLN) shares surged 41% in their trading debut, after the medical supplier raised $6.26 billion in the year’s biggest initial public offering. The shares closed at $41 each on Wednesday in New York, versus the IPO price of $29. Medline, which counts Blackstone Inc., Carlyle Group Inc. and Hellman & Friedman among its backers, sold 216 million shares in an upsized offering that priced near the top of the marketed range. The trading gives the company a market value of about $55 billion, based on the shares listed in its regulatory filings.- Nvidia (NVDA) settled a lawsuit involving a former engineer who had inadvertently revealed autonomous driving trade secrets that he stole from a previous employer. The accord between the Silicon Valley artificial intelligence giant and a German unit of Paris-based Valeo SE was disclosed in a filing in federal court in San Jose, California. No details of the agreement were provided. A trial set for next month was canceled. Nvidia shares were lower in trading on Wednesday.See omnystudio.com/listener for privacy information.